401(k) Plans

401(k) plans are tax-qualified plans established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis.

This minimizes the employee's current taxable income while accumulating funds for retirement on a tax deferred basis.

Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis.

Benefit Resources, Inc. can help you setup and administer a 401(k) plan to maximize tax benefits and retirement income for your employees.